NB Private Equity Partners Limited Second 2018 Dividend And New Target Dividend Policy

 
TIDMNBPE 
 
 
   THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR 
DISTRIBUTION IN OR INTO AUSTRALIA, CANADA, ITALY, DENMARK, JAPAN, THE 
UNITED STATES, OR TO ANY NATIONAL OF SUCH JURISDICTIONS 
 
   NB Private Equity Partners Announces its Second 2018 Dividend and 
Announces New Target Dividend Policy 
 
   19 July 2018 
 
   Second 2018 Dividend 
 
   NB Private Equity Partners Limited ("NBPE" or the "Company"), a 
closed-end private equity investment company, today declared the second 
2018 semi-annual dividend payment on the Company's class A Ordinary 
Shares ("Shares") of $0.28 per Share, to be paid on 31 August 2018. This 
dividend is a $0.03 increase from the Company's prior dividend 
payment.(1) On an annualised basis, this dividend payment represents a 
dividend yield of 4.1% based on the London Stock Exchange closing price 
of GBP10.50 ($13.70 at GBP/USD exchange rate of $1.305) on 18 July 2018. 
 
 
   NBPE also announces a target dividend policy as a further enhancement of 
its ongoing policy of returning capital to shareholders. NBPE intends to 
target an annualised dividend yield of 3.0% or greater on NAV and plans 
to continue to make semi-annual payments to shareholders. This dividend 
yield is a target only, is subject to available capacity and is not 
guaranteed. 
 
   The dividend is payable from income and realisations and is 
approximately 4.8x covered based on 30 June 2018 YTD cash distributions 
to NBPE of approximately $131 million.(2) 
 
   While the Company declares dividends in US Dollars, Shareholders will 
receive Sterling at the prevailing rate at the time of currency 
conversion, unless an election to receive dividends in US Dollars is 
made on forms which are available on NBPE's website prior to the 
currency election date listed below. If an investor has previously 
elected to receive US Dollars, that election will be used unless 
changed. Investors who seek capital gains rather than income also have 
the option of participating in a dividend re-investment plan, forms of 
which are available on NBPE's website. 
 
   Dividend Timetable 
 
 
 
 
Distribution amount:                                   $0.28 cents per Share 
Ex-dividend date:                                      26 July 2018 
Dividend record date:                                  27 July 2018 
Final day for Currency Election:                       3 August 2018 
Final day for Dividend Re-investment Plan Election(3)  10 August 2018 
 : 
Payment date:                                          31 August 2018 
 
 
   1. This dividend as well as future dividends shall be conditional on the 
      passing of the solvency test under Guernsey law. The Board of Directors 
      will continue to evaluate the Company's financial position, annual 
      dividend amounts and the timing of future dividends. Future dividend 
      payments will be announced by NBPE after the Board of Directors have 
      completed such evaluation. 
 
   2. The above distribution guidance regarding investment portfolio 
      performance is not a profit forecast. There can be no assurance that this 
      distribution level will be sustained or that the Company will make any 
      distributions whatsoever. The times and dates in this announcement are 
      expected times and dates only and are subject to change. Any such changes 
      will be notified to shareholders through a regulatory information 
      service. 
 
   3. Anyone acting for the account or benefit of a U.S. person who elects to 
      receive additional shares through the dividend re-investment plan would 
      need to sign a Qualified Purchaser certification, which is available from 
      the Company's Investor Relations upon request by contacting +1 214 647 
      9593 or [e-mail]. 
 
 
   For further information, please contact: 
 
   NBPE Investor Relations          [phone] 
 
 
 
   Neustria Partners                     [phone] 
 
   Nick Henderson 
[e-mail] 
 
   Robert Bailhache 
[e-mail] 
 
   Charles Gorman 
[e-mail] 
 
   ABOUT NB PRIVATE EQUITY PARTNERS LIMITED 
 
   NBPE is a closed-end private equity investment company with class A 
ordinary shares admitted to trading on the Premium Segment of the Main 
Market of the London Stock Exchange and Euronext Amsterdam. NBPE has 
2022 and 2024 ZDP Shares admitted to trading on the Specialist Fund 
Segment of the Main Market of the London Stock Exchange. NBPE holds a 
diversified portfolio of direct equity investments, direct income 
investments and fund investments selected by the NB Alternatives group 
of Neuberger Berman, diversified across private equity asset class, 
geography, industry, vintage year, and sponsor. 
 
   LEI number: 213800UJH93NH8IOFQ77 
 
   ABOUT NEUBERGER BERMAN 
 
   Neuberger Berman, founded in 1939, is a private, independent, 
employee-owned investment manager. The firm manages a range of 
strategies-including equity, fixed income, quantitative and multi-asset 
class, private equity and hedge funds-on behalf of institutions, 
advisors and individual investors globally. With offices in 20 countries, 
Neuberger Berman's team is more than 2,000 professionals. For four 
consecutive years, the company has been named first or second in 
Pensions & Investments Best Places to Work in Money Management survey 
(among those with 1,000 employees or more). Tenured, stable and 
long-term in focus, the firm fosters an investment culture of 
fundamental research and independent thinking. It manages $304 billion 
in client assets as of June 30, 2018. For more information, please visit 
our website at www.nb.com. 
 
   This press release appears as a matter of record only and does not 
constitute an offer to sell or a solicitation of an offer to purchase 
any security. 
 
   NBPE is established as a closed-end investment company domiciled in 
Guernsey. NBPE has received the necessary consent of the Guernsey 
Financial Services Commission and the States of Guernsey Policy Council. 
NBPE is registered with the Dutch Authority for the Financial Markets as 
a collective investment scheme which may offer participations in The 
Netherlands pursuant to article 2:66 of the Financial Markets 
Supervision Act (Wet op het financial toezicht). All investments are 
subject to risk. Past performance is no guarantee of future returns. The 
value of investments may fluctuate. Results achieved in the past are no 
guarantee of future results. This document is not intended to constitute 
legal, tax or accounting advice or investment recommendations. 
Prospective investors are advised to seek expert legal, financial, tax 
and other professional advice before making any investment decision. 
Statements contained in this document that are not historical facts are 
based on current expectations, estimates, projections, opinions and 
beliefs of NBPE's investment manager. Such statements involve known and 
unknown risks, uncertainties and other factors, and undue reliance 
should not be placed thereon. Additionally, this document contains 
"forward-looking statements." Actual events or results or the actual 
performance of NBPE may differ materially from those reflected or 
contemplated in such targets or forward-looking statements. 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: NB Private Equity Partners Limited via Globenewswire 
 
 
  http://www.nbprivateequitypartners.com 
 

(END) Dow Jones Newswires

July 19, 2018 02:00 ET (06:00 GMT)

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